System1 (SST) Change in Receivables (2021 - 2026)
Quarterly results put Change in Receivables at -$4.0 million for Q1 2026, down 248.88% from a year ago — trailing twelve months through Mar 2026 was -$7.8 million (down 186.39% YoY), and the annual figure for FY2025 was -$4.9 million, down 172.43%.
System1 has reported Change in Receivables over the past 6 years, most recently at -$4.0 million for Q1 2026.
- Change in Receivables reached -$4.0 million in Q1 2026 per SST's latest filing, down from $3.6 million in the prior quarter.
- Across five years, Change in Receivables topped out at $14.8 million in Q1 2022 and bottomed at -$15.9 million in Q3 2025.
- Median Change in Receivables over the past 5 years was -$3.1 million (2023), compared with a mean of -$1.6 million.
- The largest annual shift saw Change in Receivables crashed 341.02% in 2022 before it soared 288.88% in 2024.
- Over 5 years, Change in Receivables stood at $2.1 million in 2022, then tumbled by 248.5% to -$3.1 million in 2023, then soared by 273.07% to $5.3 million in 2024, then crashed by 31.65% to $3.6 million in 2025, then tumbled by 211.01% to -$4.0 million in 2026.
- Business Quant data shows Change in Receivables for SST at -$4.0 million in Q1 2026, $3.6 million in Q4 2025, and -$15.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 56.46 Mn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 99.65 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 87.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -44.18 Mn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | - |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | -7.48 Mn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | -95.00 Mn |
| 10 | System1 | 21.03 Mn | -54.58 Mn | 23.37 Mn | -4.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.03 Mn |
| Mar 31, 2026 | -4.03 Mn |
| Dec 31, 2025 | 3.63 Mn |
| Dec 31, 2025 | 3.63 Mn |
| Sep 30, 2025 | -15.86 Mn |
| Sep 30, 2025 | -15.86 Mn |
| Jun 30, 2025 | 8.46 Mn |
| Jun 30, 2025 | 8.46 Mn |
| Mar 31, 2025 | -1.16 Mn |
| Mar 31, 2025 | -1.16 Mn |
| Dec 31, 2024 | 5.32 Mn |
| Dec 31, 2024 | 5.32 Mn |
| Sep 30, 2024 | -4.34 Mn |
| Sep 30, 2024 | -4.34 Mn |
| Jun 30, 2024 | 9.21 Mn |
| Jun 30, 2024 | 9.21 Mn |
| Mar 31, 2024 | -3.39 Mn |
| Mar 31, 2024 | -3.39 Mn |
| Dec 31, 2023 | -3.07 Mn |
| Dec 31, 2023 | -3.07 Mn |
| Sep 30, 2023 | -1.63 Mn |
| Sep 30, 2023 | -1.63 Mn |
| Jun 30, 2023 | -4.88 Mn |
| Jun 30, 2023 | -4.88 Mn |
| Mar 31, 2023 | -11.28 Mn |
| Mar 31, 2023 | -11.28 Mn |
| Dec 31, 2022 | 2.07 Mn |
| Dec 31, 2022 | 2.07 Mn |
| Sep 30, 2022 | -14.81 Mn |
| Sep 30, 2022 | -14.81 Mn |
| Jun 30, 2022 | -6.68 Mn |
| Jun 30, 2022 | -6.68 Mn |
| Mar 31, 2022 | 14.82 Mn |
| Mar 31, 2022 | 14.82 Mn |
| Dec 31, 2021 | 4.62 Mn |
| Dec 31, 2021 | 4.62 Mn |
| Sep 30, 2021 | 6.14 Mn |
| Sep 30, 2021 | 6.14 Mn |
| Jun 30, 2021 | 3.84 Mn |
| Jun 30, 2021 | 3.84 Mn |
| Mar 31, 2021 | 4.47 Mn |
| Mar 31, 2021 | 4.47 Mn |